Building two homes on your land is a smart investment. Particularly when you consider the ever increasing land values across Melbourne. These dual-occupancy building projects make financial, long-term investment strategies viable. They also keep your financial options open by doing the following:

  • Selling one or both homes to make a profit
  • Leasing both properties
  • Positively gearing one of the properties
  • Selling the land with approved plans and permits, at a profit 


Dual Occupancy

 

So where do you start with your first dual occupancy project?

 The very first phase of a dual-occupancy building project is finding, then buying the right property. In order to buy the right property, it takes experienced professionals who know exactly what to look for to ensure the project is feasible. The main steps of a project include:

  • Planning a project that suits your financial 
  • Assess the possible risks 
  • Buying a the right property 
  • Planning / drawings
  • Entering submissions for council approval
  • Preparing the property for dual occupancy
  • Selecting a builder that can deliver a profitable project
  • Financing the project

Following the above process independently can prove to be very difficult, as each critical step can be subject to major time delays, reducing your total profits. There could even be a chance of not delivering a project at all and being a major financial burden. Example Project: Two Lot Subdivision 

Wise Real Estate Advice now offers a fully serviced option where we manage each step of the process, from property selection to the final build. Below, our plans:

  1. Property purchase.
  2. Planning / permit.
  3. Building and subdivision.

With over 10 years of experience in dual occupancy projects we can save you time, reduce risk and deliver a stress free experience by managing the process for you.

If you planning to take on a dual occupancy project our buyer’s advocate’s may be just the right people to help clarify your options. For an obligation-free conversation contact Wise Real estate Advice on 1300 009 473 to find out how their services can assist your property needs.

More questions on Dual Occ. Projects? Check out our FAQ’s page

Dual Occupancy / Duplex – In Australia, a duplex is often considered a residential building containing two homes that share a common central wall. As such they are usually a mirror image of each other in layout.

 

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  • Wise Real Estate Advice

    Wise Real Estate Advice
    Reviewed from Google

    5 out of 5 stars

    Hari Krishnan
    Hari Krishnan

    5 out of 5 stars

    posted 1 month ago

    I found Mark through Google!!!.
    Since my first meeting I felt so confident in Mark's ability and experience in being able to deliver a great result. I was very much impressed with Mark's service as he made the whole process easier and stress free!!!!

    I am really happy because I bought exactly what I was looking for and it was well under my top budget. Most importantly We did it within few weeks.

    Since day one Mark was very pro-active.

     Mark emailed multiple properties every week within my search parameters and wish list.
     Mark allowed me to be involved as much as I wished.
     Mark inspected the properties I liked.
     Mark explained the positives and negatives about each property.
     Mark held a pre-auction meeting and attended the auction
     Mark's strategies and suggestions like where he’ll stand during the auction, how he’ll handle the negotiation etc. etc. and through to the final shaking of hands inside the house all played out in a positive way.

    Thank you Mark for all your work in getting me the right house for the right price!

    I highly recommend Mark for everybody who wants to find a good place to live or invest.

    Many, many, many thanks!

    Ken Stewart
    Ken Stewart

    5 out of 5 stars

    posted 5 months ago

    Mark was personally recommended to me as someone who could be of real help in appraising my property of interest and subsequently representing me at auction.
    He made time to meet for an initial chat over coffee. I was immediately impressed and relaxed with his easy and honest nature, as well as his willingness to listen to my needs.
    A genuinely nice bloke... well experienced in the RE scene, totally committed to helping his clients.... all in all, a very worthwhile experience.

Summary
Sub-dividing land & dual occupancy projects
Service Type
Sub-dividing land & dual occupancy projects
Provider Name
Wise Real Estate Advice Pty.Ltd.,
Leve 2 Riverside Quay, 1 Southbank Boulvard,Southbank,Victoria-3006,
Telephone No.1300 009 473
Area
Melbourne
Description
Positively gear real estate with sub-division & dual occupancy project, Wise Real Estate Advice offers fully managed service from buying, planning / permits & building.